Which of the following is NOT a primary duty of the U.S. Customs and Border Protection?
A) assessing all duties, taxes, and fees on imported merchandise
B) collecting import and export tariffs
C) protecting the U.S. from threatening imports
D) policing smuggling operations
B) collecting import and export tariffs
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Marginal social benefit equals
A) marginal external benefit. B) marginal private benefit. C) marginal private benefit minus marginal external benefit. D) marginal private benefit plus marginal external benefit. E) marginal external benefit minus marginal private benefit.
According to surveys, the most common concern regarding international trade is a shortage of working capital to finance exporting activities.
a. true b. false
When inflation occurs
A. money gains in value. B. money loses value. C. the value of money is unaffected. D. the value of demand deposits falls but the value of currency is unaffected. E. inflation has nothing to do with money.
Jordan has the following assets and liabilities:Two cars$10,000House$200,000Mortgage$100,000Cash$1,000Car loans$3,000Checking account balance$2,000Credit card balance$1,000 What is Jordan's wealth?
A. $109,000 B. $107,000 C. $111,000 D. $213,000